- Introduction & Methodology
- Industry Trends
- Respondent Profile
- Defined Benefit Plans
- Portfolio Characteristics
- LDI Usage
- Provider Rankings
- Assets Under Management
- Clients
- Mandates
- Provider Profiles
- Allspring Global Investments
- BlackRock, Inc.
- Capital Group
- Columbia Threadneedle Investments
- Dodge & Cox
- Fiera Capital Corporation
- Income Research & Management ("IR+M")
- Insight Investment
- J.P. Morgan Asset Management
- KeyBank
- Legal & General Investment Management America, Inc.
- MetLife Investment Management (MIM)
- NISA Investment Advisors, LLC
- Pacific Investment Management Company LLC (PIMCO)
- Parametric Portfolio Associates
- SECOR Asset Management
- SLC Management
- Voya Investment Management Co. LLC
- Wellington Management Company LLP
Past Surveys
Provider Profiles
Income Research & Management ("IR+M")
incomeresearch.com
Summary of Offering
Over the more-than-35-year history of IR+M, the firm has partnered with clients throughout various stages of LDI implementation, from their first steps into duration extension to implementing fully customized LDI solutions. Under multi-manager or sole-manager frameworks, IR+M adopts a practical approach to key rate duration matching, full immunization, hedge ratio targeting, dynamic de-risking and high-quality constraints. Portfolios can be managed through separately managed accounts or fund vehicles against conventional indices, custom blends of indices or against the pension liabilities themselves. IR+M, a disciplined bottom-up USD fixed-income manager, consistently remains duration- and yield-curve-exposure-neutral to the benchmark.
Client Restrictions: None
Business Summary (as of 06/30/2023)
| Total LDI clients | 102 |
| Total LDI mandates | 134 |
| Total LDI assets under management (US$) | $26.6B |
Regions With Active Mandates
| U.S. | |
| Canada | X |
| U.K. | X |
| Continental Europe and Republic of Ireland | X |
| Asia | X |
| Australia | X |
| All other locations | X |
Sizes With Active Mandates
| <$500MM | |
| $500MM – $1B | |
| >$1B – $5B | |
| >$5B – $10B | X |
| >$10B | X |
Regions With Asset Allocations
| U.S. | |
| Canada | X |
| U.K. | X |
| Continental Europe and Republic of Ireland | X |
| Asia | X |
| Australia | X |
| All other locations | X |
Asset Classes With Asset Allocations
| Publicly Traded equities | X |
| Fixed income – Government only | |
| Fixed income – Investment grade (BBB- or higher) credit | |
| Fixed income – Below investment grade credit | |
| Fixed income – Multisector | X |
| Fixed income – Other | X |
| Cash | |
| Private equity | X |
| Non private equity alternative investments, including real estate | X |
| Any other asset classes not mentioned above | X |